Pages

Tuesday, 19 January 2016

STOCKS TO BE FOCUS ON 20 JAN 2015

TATAELXSI CALL ROCKS HIT FINAL TGT
GIVEN YESTERDAY

BUY TATAMTRDVR ABOVE 262 TG 265,268
SL 258

Following an across the board selling on Monday,
sentiment improved on the Dalal Street on Tuesday equity market snapped two
sessions of losses to notch up handsome gains. The Sensex closed up 291
points at 24479, and the Nifty was up 84 points at 7435. Equity benchmarks
maintained strong uptrend in afternoon trade following rally in global peers,
supported by index heavyweights Reliance Industries, L&T and ICICI Bank.
The market breadth was also positive as about two shares advanced for every
share declining on the BSE. Market tracked
strong cues from Asian as well as European markets, while value buying emerged
at low levels after the benchmark indices hit their 20-month low.
The Nifty50 is sustaining at higher levels. At the current level of 7410 maybe
a 50 point bounce back on the upside is possible. European equities bounced back from 13 month lows on
Tuesday, with mining and energy stocks leading the market higher after prices
of major industrial metals and crude oil surged following the release of
Chinese growth data. The
benchmark indices rallied as beaten-down banking and financial stocks and
Reliance Industries recovered. Gains in Asian markets after oil prices nudged
up and Chinese GDP figures came mostly in line with expectations also boosted sentiment.
China's economic growth eased to 6.8 per cent in
the fourth quarter, just below the 7 per cent mark from a year earlier, which
is its weakest growth since the financial crisis.AXIS Bank's board meeting will
be held on January 20, 2016, inter alia, to consider and approve the Unaudited
Financial Results of the Bank for the Quarter / Nine months ending as on
December 31, 2015, subject to a limited review by the Statutory Auditors. Axis
Bank Q3 profit seen up 6 percent. Axis bank going to announce its Q3 results on
20 January 2016.